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Time Running Out for Persian Gulf Monarchs

By Christopher M. Davidson | NY Times

DURHAM, England — THIS summer, disgruntled Saudis took their grievances online in droves, complaining of ever-growing inequality, rising poverty, corruption and unemployment. Their Twitter campaign became one of the world’s highest trending topics. It caused great alarm within elite circles in Saudi Arabia and sent ripples throughout the region. The rallying cry that “salaries are not enough” helped to prove that the monarchy’s social contract with its people is now publicly coming unstuck, and on a significant scale.

Many experts believe that the Gulf states have survived the Arab Spring because they are different. After all, they’ve weathered numerous past storms — from the Arab nationalist revolutions of the 1950s and ’60s to Saddam Hussein’s 1990 invasion of Kuwait to an Al Qaeda terror campaign in 2003.

But they are not different in any fundamental way. They have simply bought time with petrodollars. And that time is running out.

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Saudi proverb. "My father rode a camel. I drive a car...

Saudi proverb. "My father rode a camel. I drive a car. My son flies a jet airplane. His son will ride a camel."
Anonymous Saudi Sheik – 1982

http://www.godlikeproductions.com/forum1/message432587/pg1

Defeat the panda-industrial complex

I am dusk icon. anagram me.

The idea of liberty cannot be stopped.

Huge new reserves announced all over the world, and domestic demand is down.

Malinvestments will prove worthless.

Free includes debt-free!

very interesting article

" last paragraph, "When the Gulf monarchies’ exceptionalism inevitably runs out of steam, and it will, their populations will be well placed to take their part in the bigger, regionwide shift in the political order that is happening at the expense of unaccountable repressive elites and in favor of a more vocal, politically conscious and better-connected youth."

kinda like a liberty movement

whoa

first time for everything.

Good comment. :-)

"If this mischievous financial policy [greenbacks], which has its origin in North America, should become endurated down to a fixture, then that government will furnish its own money without cost. It will pay off its debts and be without debts. It will hav

Won't continue. bump so far.

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Free includes debt-free!

Michael Nystrom's picture

Fixed it

Thanks Paul.

He's the man.